All Property Week articles in 12 September 2008 – Page 10
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OnlineBig changes at Jones Lang LaSalle
Jones Lang LaSalle’s European chief executive Alastair Hughes is to become the world’s second biggest property adviser's Asia Pacific chief.
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OnlineRICS: House sales at lowest recorded level
The average number of completed house sales per surveyor fell further in August as a lack of mortgage finance continued to stifle the ability of buyers to access the market said the RICS.
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News
House sales hit new low
Housing sales have fallen to a new low, say surveyors, with expectations the reform package unveiled by ministers last week will do little to alleviate the crisis.
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News
Fears of Rock rerun spurred Nationwide to rescue small societies
Fears that losses at the Derbyshire and Cheshire building societies would spark a Northern Rock-style customer upheaval drove the rushed takeover of the mutual lenders by Nationwide, sources close to the deal said yesterday.
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News
Freddie and Fannie rescue boosts markets
Shares in markets around the world jumped yesterday as investors welcomed a US Government plan to inject up to $200bn (£114bn) into Freddie Mac and Fannie Mae, which was disclosed to the chief executives of the two mortgage giants, and as a fait accompli, only on Friday.
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News
ING UK sells shops
ING UK Real Estate Income Trust said it has sold a London retail property for £10.5m to Waitrose, to help to complete repayment of outstanding non-securitised borrowings by the end of 2008. The Guernsey-registered closed-ended investment company said that the price reflects a net initial yield of 3.57%. The Times ...
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News
London ranks with New York as developed finance system
London’s efforts to challenge New York as the leading financial centre will receive a boost today with a new study by the World Economic Forum showing that the UK ranks alongside the US as the world’s most developed financial system.
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News
Local Shopping agrees debt scheme
The Local Shopping REIT said it has agreed a £60m debt facility with HSBC. It supersedes a £75m facility that was required to be fully drawn by April 2009. The new facility consists of a £25m term loan and a £35m revolving credit facility, both expiring in October 2016.
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News
Derbyshire 'wrongfooted' by bad debts
Derbyshire Building Society, the mutual rescued yesterday by Nationwide, was wrong-footed by bad bets in the money markets, hamstrung by a botched IT system and facing the consequences of a poorly timed £1.4bn foray into sub-prime lending.
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Online
UNESCO threatens to blacklist London landmarks because of tall towers
UNESCO, the United Nations’ cultural agency, is threatening to put a number of London’s historical landmarks on its endangered list because of the impact of proposed tall buildings on them.
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Online
Orchard recruits two for planned growth
Orchard Street Investment Management has recruited Phillip Rodger, a senior Jones Lang LaSalle director, as its head of asset management.
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NewsNorth West Property Awards
View images and see the list of winners from the North West Property Awards here .
